Forecasts & Analysis | Gold, Page 14

Based on the early price action and the current price at $1293.20, the direction of the February Comex Gold futures contract the rest of the session is likely to be determined by trader reaction to the 50% level at $1289.20.

We’re looking for the sideways trade to continue until we see a clear shift in demand for higher risk assets. If risk is on then gold is likely to be pressured. If risk is off then gold will be supported.

GoldThe gold prices are continuing its move around the $1290 level as it is facing extreme resistance in breaking above the psychologically important $1300 level. If it breaks above the $1300 level, then it can reach towards the $1400 level in the long term, with some selling at every $25 until

Gold prices moved sideways in the wake of the Brexit vote which as widely expected defeated the Prime Minister Teressa May. The markets had discounted a no vote, which led to some short-covering in the pound. The easing of the dollar helped buoy gold prices. Technical Analysis Gold prices remain range bound

Based on the early price action, the direction of the February Comex Gold market into the close is likely to be determined by trader reaction to the short-term pivot at $1289.20 and the major 50% level at $1285.70.

Gold has been rangebound for nearly two weeks due to mixed fundamentals. Underpinning the market has been the dovish Fed which recently signaled it may take a break from further rate hikes until the stock market volatility stabilized and the global economy started to show signs of strengthening.

GoldThe gold prices during Monday’s session was bit stable and did not break out above. The market is highly influenced by the Dollar index which is continuing to be extremely choppy. Underneath, the $1280 level is massively supportive which extends down to the $1250 level. A breakout above $1300 level

Gold prices moved higher but remain rangebound on Monday, as US yields remain soft following weaker than expected Chinese data. With the worlds second largest economy softening, it will be hard for the US to continue to outshine. The shutdown of the US government will also take some of the

Gold markets continue to go back and forth, as Monday was positive but did not break out. Overall, this is a market that not only moves upon the cycle of the US dollar but can be driven by a safety trade as well.

A weak dollar and lower demand for risky assets should underpin gold prices today. The trend is up, but the market has been rangebound for more than a week. This suggests investor indecision and impending volatility.

GoldThe gold price was mostly sideways during the Friday’s session as it is trying to gain enough momentum to continue moving higher. A break above $1300 level would send the gold prices towards the $1400 level in the long term. Pullbacks in the market will continue to offer a nice

The price action this week will continue to be driven by the direction of the U.S. Dollar. The greenback will largely be influenced by the direction of U.S. Treasury yields and yields will be moved by appetite for risk and a number of economic reports, Fed speakers and the government

Gold prices moved sideways, as the Euro moved lower and US yields pulled back. The UK reported stronger than expected GDP data, as the US revealed in line inflation information. Most of the decline in the US CPI was driven by gasoline prices which will likely rebound along with the

Gold markets went back and forth during the course of the week, testing the crucial $1300 level above, but failed to break above there. This is especially interesting considering that it is a large, round, psychologically significant number, and then of course the shooting star from the previous week.

Gold markets continue to go sideways as the week has been a bit choppy. However, there are several reasons for me to think that the Gold markets will continue to go higher, and the fact that we could not break out to me suggests that we are trying to build

Traders will be primarily focused on the CPI report today. In the Fed minutes released earlier this week, policymakers cited muted inflation as one reason to consider backing away from further rate hikes. If the consumer inflation data confirms low inflation then Treasury yields may drop, driving down demand for

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